DAXA opposes the government’s proposed shareholding limit for major cryptocurrency exchanges

DAXA issued a statement opposing the government’s proposal to limit major shareholders’ ownership in South Korean cryptocurrency exchanges to 15%-20%. They argue this cap may significantly impede the digital asset industry’s growth.

DAXA, the representative of South Korea’s five largest cryptocurrency exchanges, cautions that artificial changes to private company equity structures could destabilize the nascent digital asset industry, raising concerns among stakeholders.